ScrapSelling scam

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This review was posted by
a verified customer
Verified customer

We have been dealing in Metal scrap for quite some time. However in recent times we have noticed very high number of sellers on the net, specially with free sites like alibaba.co and many others.

Some sellers offer ridiculous low price, and tempt the buyers, but ask for 30% advance. The phone numbers given is 070xxxxx and who knows how much premium they are paying for that even to call !!.

The other way is that they ask for LC before confirming the goods. These LC are used to finance, and used for as long as possible, and then returned.

I would like to hear more about your experience on this kind of deals.

Responses

  • As
    Ashar Impex Oct 17, 2013
    This comment was posted by
    a verified customer
    Verified customer

    I agree Mr. Das..
    Who offers more at cheap rate..they are as much big frauds... Few buyers agree for LC rather than advance depost..but still they get cheated and do not get LC back till long time and have problems with funds and bankers too..

    Ashar Impex
    Jamnagar - Gujarat

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